General News
XPO Focuses on Improvements After Mixed Q4 Results
CEO Mario Harik cites reduced damages and improved service quality that set company records in 2025 as a reflection of a commitment to enhanced customer experience.
US Tells American Ships to Keep Away From Iran Amid Tensions
The warning comes just days after U.S. and Iranian officials held diplomatic talks in Oman on Feb. 6, following President Donald Trump’s repeated threats on Tehran with airstrikes.
FedEx Leads Investors for $9.3 Billion InPost Buyout
Investors led by buyout firm Advent International and FedEx are seeking to buy Polish parcel-locker company InPost in a deal that values the business at $9.3 billion.
Ocado May Cut Up to 1,000 Jobs in Cost-Cutting Drive
Ocado in December said it would receive a one-time cash payment of $350 million from Kroger after the U.S. grocer decided to close three automated warehouses and scaled back plans for a wider rollout.
Kroger Names Former Walmart Executive Foran as Its New CEO
Greg Foran led Walmart's U.S. division for six years before departing in 2019. While there, he introduced online ordering and pickup, and accelerated Walmart's digital capabilities.
Walmart Invests $330M to Update Louisiana Distribution Center
Modernization is slated to start next year at Walmart's Opelousas distribution center near Interstate 49 and U.S. Route 190. The facility is located some 60 miles west of Baton Rouge.
Cruz Advocates for National Autonomous Framework
Congress’ upcoming highway policy measure would be an ideal fit for federal guidance specific to autonomous vehicles, says the chairman of the Commerce Committee on freight policy.
Love’s to Add 1,500 Parking Spaces, 20 Locations in 2026
The additions will raise Love’s truck parking space total to 52,000 spots nationwide by the end of 2026, the company said. Love’s currently operates 669 locations in 42 states.
Werner Shifts Away From One-Way During Tough Q4
“We see signs of encouragement for the industry and Werner as we move into 2026,” Werner CEO Derek Leathers said during a call with investors.
Tight Truckload Capacity Among Factors in RXO's Q4 Net Loss
Asset-light transportation provider RXO reported significant sales momentum in Q4 2025, despite the current freight environment, as truckload capacity continued to tighten.
Cummins Weighs Stronger Prospects for EPA 2027 Pre-Buy
A rosier picture is certainly welcome after what Cummins Chief Financial Officer Mark Smith called “a long dry spell” for the heavy-duty truck sector in North America.
Waymo Says Genie 3 Simulations Can Boost Robotaxi Rollout
Alphabet’s Waymo said it is using DeepMind’s Genie 3 AI model to create realistic, digital worlds for its autonomous driving technology to train on edge-case scenarios.
Exxon, Chevron Want In as Trump Remakes Global Oil Market
The U.S. is backing Exxon and Chevron as they negotiate in Venezuela, Iraq, Libya, Algeria, Azerbaijan and Kazakhstan, according to public announcements and people familiar with the talks.
BYD’s $60B Wipeout Points to Deeper Turmoil for China EVs
BYD’s Hong Kong-listed shares are down this week after disappointing sales data, extending a selloff that has shaved off more than $60 billion in market value since May.
Stellantis Takes $26 Billion in Charges Tied to EV Retreat
Stellantis CEO Antonio Filosa blamed predecessor Carlos Tavares for going all-in on electric vehicles and failing to respond to shifts in the marketplace.
Toyota Names Kenta Kon as Next CEO in Surprise Announcement
Kenta Kon, 57, on Feb. 6 was unexpectedly announced as the next CEO of Toyota, to replace Koji Sato, who will become vice chairman in April after three years in the role.
Amazon Delivers Strong Q4 Sales but Misses on Earnings
Amazon reported fourth-quarter earnings slightly below Wall Street estimates even as sales surged and it reported the fastest growth in its prominent cloud computing business in 13 quarters.
Bob’s Furniture Goes Public With $2.2 Billion Valuation
Bob’s Discount Furniture, a home furnishings retailer backed by Bain Capital, rose 0.1% in its trading debut after the company raised $331 million in a U.S. initial public offering.
ConocoPhillips Presses for Billions Owed by Venezuela
ConocoPhillips CEO Ryan Lance’s priority in Venezuela is recouping billions his company is owed almost two decades after its oil projects were nationalized, rather than drilling new wells.
Argentina Says It Signed Trade Pact With US
Argentina said it signed a trade and investment agreement with the Trump administration, delivering on President Javier Milei’s commitment to open up the South American economy.